$XPL Plasma is a high-performance Layer 1 blockchain specifically engineered to be the optimal settlement layer for stablecoins and real-world assets (RWAs).
Unlike most blockchains that require you to hold a native token (like ETH or SOL) to pay for "gas" (transaction fees), Plasma introduced a protocol-level Paymaster System. This allows users to send USDT or USDC with zero fees, making it feel more like a traditional banking app than a complex crypto wallet.
Core Technical Pillars:
PlasmaBFT Consensus: A variant of the HotStuff protocol that enables sub-second block finality and high throughput (1,000+ TPS).
Metric Current Status (Feb 5, 2026)
Current Price $0.090 – $0.095
24h Change -8.3%
Market Cap ~$195 Million
All-Time High $1.68 (Sept 2025)
Bitcoin Bridge: A trust-minimized bridge that allows users to move BTC onto the Plasma network as pBTC, using it within DeFi or as collateral for stablecoins.
EVM Compatibility: Full support for the Ethereum Virtual Machine, allowing developers to port dApps from Ethereum or Polygon with zero code changes.
📉 Today’s Market Movement: The "Price Discovery" Phase
As of February 5, 2026, XPL is experiencing a significant "washout." After launching in September 2025 with massive hype and a market cap exceeding $2.4 billion, the token has faced a steep correction.